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Akash Systems

Akash Systems

A company designing and manufacturing satellites, satellite parts, and materials for satellites.

Akash Systems is a company designing and manufacturing satellites, satellite parts, and materials for satellites that is headquartered in San Francisco, California and was founded in 2016 by Felix Ejeckam and Ty Mitchell. The company's co-founder, Felix Ekeckam, invented a new material called gallium nitride (GaN)-on-Diamond which is used to make Akash Systems products. The company uses gallium nitride (GaN)-on-Diamond to manufacture power amplifiers and radio modules for satellites requiring high power efficiencies and high frequencies.

Funding
Seed

On January 30, 2018 Akash Systems announced raising $3.1 million in seed funding from Khosla Ventures (lead investor), Social Capital, Ruvento, Data Collective DCVC, Backstage Capital, and Sriram Krishnan. Akash Systems planned on using their seed funding to move onto the second phase of designing and manufacturing their small satellite systems and transmitters.

Series A

On July 10, 2019 Akash Systems announced raising $14.5 million in series A funding from Khosla Ventures, Founders Fund, Correlation Ventures, ACME Capital, and Sriram Krishnan. The funding was split between $10 million in new equity funding and $4.5 million in previously acquired convertible notes. Felix Ejeckam, the CEO and cofounder of Akash Systems, made the following public statement regarding the company's series A funding round:

The successful close of this funding round marks an important next step in fulfilling Akash’s mission statement. Our aim is to be the RF communications link for every satellite in space.

Timeline

July 2019
Akash Systems raises a $14,500,000 series A round from ACME Capital, Correlation Ventures, Founders Fund, Khosla Ventures and Sriram Krishnan.
January 30, 2018
Akash Systems raises a $3,100,000 seed round.

Funding rounds

People

Name
Role
LinkedIn

Felix Ejeckam

Founder

Sriram Krishnan

Investor

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Ajai Shukla
December 30, 2020
@bsindia
Focus will be on high-value defence platforms to achieve target of $5-billion annual exports

References

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